In the morning hours of Thursday’s trading, Acme Solar Holdings’ shares jumped up to 4.32 percent at Rs 279.70 a share on the BSE. This followed the company’s announcement on Wednesday that it had obtained a 250 MW Firm & Dispatchable Renewable Energy (FDRE) project from NHPC at a rate of Rs 4.56 per unit. … Read more
The Aditya Birla Group’s main company, Grasim Industries Ltd., announced on Wednesday that it had authorized a Non-Convertible Debentures (NCDs) offering to raise ₹2,000 crore through private placement. “The Finance Committee of the Board of Directors of the organization at its meeting held today, inter-alia, has approved the issuance of Not-convertible Debentures on a private … Read more
The Tamil Nadu State Transport Corporation (TNSTC) has placed a sizable order with Ashok Leyland Limited for the provision of 1475 BSVI Diesel Fuel Type Passenger Bus Chassis. This order, which is worth about Rs 345.58 crore, was given out via a regular tender procedure and complies with responsible business practices. Between December 2024 and … Read more
Cipla, a pharmaceutical company, announced on Wednesday that the Central Drugs Standard Control Organization has given it permission to market and distribute Afrezza inhalation powder in India. The firm claims that Afrezza, a medicine developed and produced by MannKind Corporation (MannKind) USA, helps adult patients with diabetes mellitus achieve better glycemic control. Cipla will make … Read more
NTPC Green Energy Limited (NGEL) shares rose after its subsidiary, NTPC Renewable Energy Limited (REL), won a large contract in an e-reverse auction held by the Solar Energy Corporation of India (SECI), the company said in an exchange filing. The statement increased NGEL’s share price by 3.5% to ₹151.9 on the BSE at 9:15 am … Read more
The state-owned Life Insurance Corporation of India (LIC) announced in a regulatory filing on Tuesday that it had raised its ownership of Asian Paints from 5.001% to 7.01%. LIC acquired shares of the paint giant on the open market between January 1, 2024, and December 9, 2024, at an average price of ₹2,891.25 per share, … Read more
The shares of DMart’s parent company, Avenue Supermarts, fell 3% during Wednesday’s trading session and hit an intraday low of Rs 3,699.65 per share on the BSE. Global stockbroker Goldman Sachs reduced its target price on the company, according to Bloomberg, from Rs 4,050 per share to Rs 3,425 per share while keeping a “Sell” … Read more
Swiggy’s stock fell about 5% in early trading on Wednesday as investors were uneasy following the expiration of the company’s one-month lock-in period for pre-listing stockholders. According to a recent study by Nuvama Alternative and Quantitative Research, up to 6.5 crore shares—or 3% of Swiggy’s total outstanding equity—will be traded on the secondary market. Shares … Read more
The stock price of Vodafone Idea increased by more than 2% in early trading on Tuesday, December 10, the day after the firm declared that its board of directors had authorized the issuing of up to 175.53 crore shares to two Vodafone Group companies on a preferential basis in order to raise up to ₹1,980 … Read more
The price of Greaves Cotton’s stock shot up 18% today when Vijay Kedia, a top investor, purchased stock in the small-cap company. After closing at Rs 213.24, the shares opened much higher at Rs 228.40. With Greaves Cotton shares jumping 18.18% to reach an intraday high and a new 52-week high of Rs 252, a … Read more
